Avis Budget Group and SK Group’s EverCharge Launch Large-Scale Electric Vehicle Charging Solution at Houston Airport
Palo Alto, Calif. and Parsippany, N.J. (January 26, 2023) – Avis Budget Group (Nasdaq: CAR) and EverCharge, an SK Group company and a leading provider of large-scale electric vehicle (EV) charging devices and management systems, has launched a significant number of EV charging stations at the George Bush International Airport (IAH) in Houston, Texas. The stations will power Avis and […]
Avis Budget Group Announces Chief Financial Officer Transition
PARSIPPANY, N.J., Aug. 13, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that John F. North III will transition from Chief Financial Officer to pursue other interests. Brian Choi will assume the role of Chief Financial Officer on August 24, 2020. As part of the transition, Mr. Choi will resign from the Avis […]
Avis Budget Group Appoints Joe Ferraro Chief Executive Officer
Bernardo Hees Named Executive Chairman PARSIPPANY, N.J., June 15, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that its Board of Directors has appointed Joe Ferraro, who has been serving as interim Chief Executive Officer, as CEO, effective immediately. The Company also announced that Bernardo Hees, who has been serving as […]
Avis Budget Group Announces Leverage Covenant Waiver Under Existing Credit Facility
PARSIPPANY, N.J., April 27, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that the Company has obtained a waiver of the leverage covenant included in its existing senior credit facilities, comprised of a term loan and revolving credit facility, until June 30, 2021. The waiver is included in an amendment to […]
Avis Budget Group, Inc. Changes to Virtual Meeting Format for the 2020 Annual Meeting of Shareholders
PARSIPPANY, N.J., April 21, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that, due to the public health impact of the coronavirus outbreak (COVID-19) and to prioritize the health and well-being of our employees, shareholders and community, the Company’s 2020 Annual Meeting of Shareholders (the “Meeting”) has been changed […]
AVIS BUDGET GROUP PROVIDES UPDATE RELATED TO CORONAVIRUS
PARSIPPANY, N.J., March 23, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today provided the following business update related to the coronavirus. Joe Ferraro, Interim President and Chief Executive Officer, said, “Consistent with other integral components of the global travel industry, we are seeing significant impacts in our business around the world as […]
Avis Budget Group Enters into New Cooperation Agreement with SRS Investment Management
Board will Ultimately Be Comprised of Nine Directors, Including Three SRS Representatives PARSIPPANY, N.J., Feb. 24, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that it has entered into a new cooperation agreement with SRS Investment Management, LLC (“SRS”), the Company’s largest shareholder. The terms of the new approximately […]
Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors
PARSIPPANY, N.J., Feb. 10, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee, effective immediately. Over the last 15 years, Mr. Hees […]
Avis Budget Group Named One of Canada’s Best Employers
Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) — Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020 ranking highlights 300 companies with operations in Canada. Avis Budget […]
Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders
SRS Investment Management Refuses to Renew Cooperation Agreement on Acceptable Terms PARSIPPANY, N.J., Jan. 28, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that a committee (the “Committee”) of its Board of Directors that was formed to manage the Board’s engagement with SRS Investment Management (“SRS”) has unanimously approved the adoption […]